Gist of talks with ED Legal & ED Personnel,CO

Dear Mr Kishore,

Referring to your circulated mail,I would like to inform that the number of pensioners who were paid 40 % IR was far less than  the number of pensioners who were actually eligible to receive the same for the following reasons:

In the illustrative chart  sent by Executive Director(Personnel) along with his letter dated 11/8/2003 addressed  to Mr G C Chaturvedi,Joint Secretary(Insurance & Banking),Ministry of Finance, Government of India,the following was the position of pre-August 1997 retirees:

Period of retirement	Number of retirees
1/1/1986 to 31/7/1992	7945
1/8/1992 to 31/7/1997	13817
Total	21762

 

The position was as follows as  per the letter  dated 20/2/2009 sent by Executive Director(Personnel) to Mr Sanjeev Sinha ,Under Secretary to Government of India,department of Financial Services,,Ministry of Finance ,New Delhi:

Period of retirement	Number of retirees
1/1/1986 to 31/7/1992	5390
1/8/1992 to 31/7/1997	11108
Total	16498

 

The number of pre-August 1997 retirees/ pensioners identified by LIC  for payment of 40% interim relief as per the order of  Supreme Court judgment  in its judgment dated 31/3/2016  was 17963 as per the Revised Compliance Affidavit of LIC filed at the Delhi High Court on 22/7/2016.The number of pensioners who were actually  paid 40 % interim relief was 15922.

There may be  much more than 4000 pensioners to be accounted for in regard to payment of 40% IR if the correct number of retirees as at 1/8/1997 is taken into account.

I am shortly sending an application  under RTI Act to LIC CO  seeking the details.I shall share the reply when received.

The very fact that not a single family pensioner got 40% IR as family pension (leaving aside those who got single digit amounts) goes to show default by LIC not only in terms of numbers but also in terms of amount not in conformity with the Supreme Court Order dated 31/3/2016.

Kind regards.

C H Mahadevan